Future Of British Business
Virgin Atlantic Narrows Loss, Sees Return to Profit Next Year
- Flight numbers back to pre-Covid level this summer, CFO says
- U.S. to lead travel comeback with East Asia routes closed
This article is for subscribers only.
Virgin Atlantic Airways Ltd. narrowed its full-year loss and said the shortfall will shrink further in 2022 as coronavirus concerns fade and travel to the U.S. picks up.
The U.K. long-haul specialist doesn’t expect to make a profit until next year, with connections to East Asia still closed. The Covid-19 crisis almost tipped Virgin Atlantic into collapse in 2020, and it’s needed fresh funding from founder Richard Branson as recently as December.